Wholesale Price Index (WPI) in the month of June 2016 has increased to 1.62 per cent compared to 0.79 per cent in the previous month and -2.13% during the corresponding month of the previous year.
Build up inflation rate in the financial year so far was 3.82% compared to a build up rate of 1.70% in the corresponding period of the previous year.
Wholesale food prices last month rose 8.18 percent year-on-year, compared with a provisional 7.88 percent gain in May.
The index for ‘Food Products’ group rose by 0.9 percent to 186.9 from 185.3 for the previous month due to higher price of tea dust (unblended) (5%), sooji (rawa) (4%), vanaspati (3%), oil cakes, cotton seed oil, mixed spices, wheat flour (atta), groundnut oil and tea dust (blended) (2% each) and gur, sugar, tea leaf (unblended), palm oil, powder milk, gola (cattle feed), maida and mustard & rapeseed oil (1% each). However, the price of tea leaf (blended) (5%), processed prawn (3%), gingelly oil (2%) and copra oil (1%) declined.